Pak envoy to US skips NAB hearing in Rs 150 mn transaction case

Image
ANI London [England]
Last Updated : Oct 22 2018 | 10:00 AM IST

Pakistan ambassador to the United States, Ali Jahangir Siddiqui, skipped appearing before a National Accountability Bureau (NAB) investigation team in Lahore on Friday.

On October 19, NAB had summoned Siddiqui in connection with a transaction of Rs 150 million between him and the former principal secretary to the prime minister, Fawad Hasan Fawad, before the former's appointment as the ambassador to the US.

During the interrogation, Fawad is reported to have claimed that he had received Rs 150 million as a 'loan' from Siddiqui.

"Neither Siddiqui turned up nor his lawyer appeared before NAB on Friday," an official of NAB said.

The institution had termed Siddiqui's reply in the case of stocks manipulation "unsatisfactory".

Siddiqui, infamous for huge corruption, is also involved in other corruption cases and it is the likelihood that the NAB would now issue another summon following the arrest warrants if he failed to appear before the court. He is allegedly named in 19 inquiries pertaining to corruption, money laundering and violation of State Bank of Pakistan's rules.

The Pakistan Tehreek-i-Insaf had criticised former prime minister Shahid Khaqan Abbasi for appointing Siddiqui at the post, citing nepotism.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 22 2018 | 9:25 AM IST

Next Story